Oddbean

Hunt for Fed-pivot winners sparks a rush to Malaysia, Indonesia ========== Global investors are increasing investments in Indonesia and Malaysia due to expectations of benefits from US Federal Reserve monetary easing; sound fiscal policies and emerging tech sectors like EVs and data centers are attracting funds; John Lin from AllianceBernstein highlights responsible fiscal behavior as a key factor; Indonesia saw US$1.80 billion in foreign stock purchases, the highest since April 2022; Malaysia's foreign stock buying reached US$491 million, the highest since March 2022; both countries are experiencing significant economic growth; risks include leadership transitions and potential volatility in AI investments; optimism is high with upgrades from Nomura and HSBC; the ringgit and rupiah are among the top gainers against the dollar; Fed chair Jerome Powell indicated a potential rate cut in September. #Investment #SoutheastAsia #Indonesia #Malaysia #FederalReserve #Economy #Stocks #Technology #PalmOil #ForeignInvestment https://theedgemalaysia.com/node/725074